How to Stake Akash Network (AKT) in Portugal

Introduction

Staking Akash Network can be an excellent choice for those looking to hold AKT while earning a yield in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Navigating Cryptocurrency in Portugal 1

1. 1. Acquire Akash Network (AKT) Tokens in Portugal

   To stake Akash Network in Portugal, you first need to acquire it. To obtain Akash Network, you will need to purchase it from one of the popular exchanges available in the region.

   Plataforma	Moeda	Price in Portugal
   Coinbase	Akash Network (AKT)	0,37
   Uphold	Akash Network (AKT)	1,38
   Bake	Akash Network (AKT)	0,37
   BingX	Akash Network (AKT)	0,37
   Bitmart	Akash Network (AKT)	0,37
   Bitpanda	Akash Network (AKT)	4,24

   View all 27 prices

2. 2. Select a Akash Network Wallet for Your Needs in Portugal

   Once you have AKT, you'll need to select a Akash Network wallet to securely store your tokens. Here are some excellent options tailored for users in Portugal.

   Plataforma	Moeda	Staking Rewards in Portugal
   Bitpanda	Akash Network (AKT)	Up to 10% APY in Portugal
   Chainode Tech	Akash Network (AKT)	Up to 9,8% APY in Portugal

   Discover all 9 staking rewards available in Portugal

3. 3. Delegate Your AKT in Portugal

   We recommend using a staking pool when staking AKT in Portugal. It's a more straightforward and efficient way to get started. A staking pool consists of a group of validators who pool their AKT, increasing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Start Validating

   You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the Akash Network network. For these validations, you will be rewarded with AKT.

What to Consider in Portugal

When engaging in cryptocurrency activities in Portugal, it's important to be aware of transaction and staking pool fees that may apply. Additionally, there might be a waiting period before you begin to earn rewards. The staking pool must generate blocks, and this process can take some time, so patience is key as you navigate the Portuguese crypto landscape.